DoCoMo will also, along with Tata Sons, make a tender offer to buy 20% of the outstanding shares of Tata Teleservices Maharashtra, a subsidiary of Tata Teleservices, in accordance with guidelines set out by market regulator the Securities and Exchange Board of India. No financial details of the offer were disclosed.
The firms also did not clarify how the Rs130.7 billion investment will be executed but analysts expect it will be through a combination of a sell-down of existing shares by Tata Sons, the Tata Teleservices...
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